May 23, 2008

May 2008 Net Worth Update (+$4,247.51)

NOTE: This net worth update is a week early because my wife and I are going on vacation.

What worked:May was an awesome month for our net worth. It increased $4,247.51 from last month to $35,685.46. This puts us at 74.66% of our 2008 net worth goal of $47,800.What worked: Our retirement accounts lead the way. We invested a total of $1,771 in our retirement accounts and saw an overall increase of $2,296.99. We also were able to increase our savings by $1,358.10, primarily because of my wife's "extra" check this month.

What did not work:Our taxable accounts total went down a whopping $14.45.

Next month:June may end up being a mild month for our net worth. It is likely that we will have to pull some cash out of savings to pay off the vacation we will be on next week.